Tactile Systems Technology (NASDAQ:TCMD) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday, January 20th.

Several other research analysts have also issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $37.00 target price on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Sidoti assumed coverage on shares of Tactile Systems Technology in a research note on Friday, December 8th. They issued a “neutral” rating on the stock. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Friday, November 10th. BTIG Research raised shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, Northland Securities assumed coverage on shares of Tactile Systems Technology in a research note on Tuesday, October 17th. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tactile Systems Technology presently has an average rating of “Buy” and a consensus target price of $34.25.

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Shares of Tactile Systems Technology (NASDAQ:TCMD) opened at $29.35 on Friday. The firm has a market cap of $512.02 and a price-to-earnings ratio of 91.72. Tactile Systems Technology has a 12-month low of $14.98 and a 12-month high of $37.88.

In other news, Director Jordan Davis sold 75,000 shares of Tactile Systems Technology stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $32.00, for a total value of $2,400,000.00. Following the completion of the transaction, the director now owns 5,006 shares in the company, valued at $160,192. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert J. Folkes sold 1,500 shares of Tactile Systems Technology stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $30.48, for a total transaction of $45,720.00. Following the completion of the transaction, the chief operating officer now owns 118,277 shares of the company’s stock, valued at approximately $3,605,082.96. The disclosure for this sale can be found here. Insiders have sold 314,807 shares of company stock worth $9,265,055 over the last three months. 49.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Tactile Systems Technology by 197.1% in the fourth quarter. BlackRock Inc. now owns 1,705,703 shares of the company’s stock worth $49,431,000 after purchasing an additional 1,131,497 shares in the last quarter. Cortina Asset Management LLC grew its stake in Tactile Systems Technology by 280.0% during the fourth quarter. Cortina Asset Management LLC now owns 681,966 shares of the company’s stock valued at $19,763,000 after acquiring an additional 502,497 shares in the last quarter. Peregrine Capital Management LLC grew its stake in Tactile Systems Technology by 9.7% during the fourth quarter. Peregrine Capital Management LLC now owns 602,223 shares of the company’s stock valued at $17,452,000 after acquiring an additional 53,463 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Tactile Systems Technology by 12.2% during the third quarter. Russell Investments Group Ltd. now owns 522,050 shares of the company’s stock valued at $16,157,000 after acquiring an additional 56,565 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in Tactile Systems Technology by 6.8% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 466,903 shares of the company’s stock valued at $14,451,000 after acquiring an additional 29,912 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

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About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.